Silverleafe Capital Partners LLC Grows Position in Quanta Services, Inc. (NYSE:PWR)

Silverleafe Capital Partners LLC raised its position in Quanta Services, Inc. (NYSE:PWR - Free Report) by 6,000.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,185 shares of the construction company's stock after purchasing an additional 5,100 shares during the period. Silverleafe Capital Partners LLC's holdings in Quanta Services were worth $1,639,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Resurgent Financial Advisors LLC boosted its holdings in shares of Quanta Services by 0.7% in the 3rd quarter. Resurgent Financial Advisors LLC now owns 4,773 shares of the construction company's stock valued at $1,423,000 after buying an additional 33 shares in the last quarter. Tower Wealth Partners Inc. lifted its holdings in shares of Quanta Services by 3.1% in the 3rd quarter. Tower Wealth Partners Inc. now owns 1,122 shares of the construction company's stock valued at $335,000 after purchasing an additional 34 shares during the last quarter. Huntington National Bank boosted its position in shares of Quanta Services by 2.9% in the 3rd quarter. Huntington National Bank now owns 1,240 shares of the construction company's stock valued at $370,000 after purchasing an additional 35 shares during the period. Terra Nova Asset Management LLC grew its stake in Quanta Services by 0.3% during the 3rd quarter. Terra Nova Asset Management LLC now owns 12,779 shares of the construction company's stock worth $3,810,000 after buying an additional 38 shares during the last quarter. Finally, Greenleaf Trust increased its position in Quanta Services by 1.2% during the third quarter. Greenleaf Trust now owns 3,154 shares of the construction company's stock worth $940,000 after buying an additional 38 shares during the period. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Citigroup upped their price target on shares of Quanta Services from $348.00 to $394.00 and gave the company a "buy" rating in a research report on Monday, December 9th. Wolfe Research started coverage on shares of Quanta Services in a research note on Thursday, September 19th. They set an "outperform" rating and a $313.00 target price for the company. Robert W. Baird increased their price objective on Quanta Services from $320.00 to $333.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Northland Securities reiterated an "outperform" rating and issued a $328.00 price objective (up from $280.00) on shares of Quanta Services in a research report on Friday, November 1st. Finally, UBS Group lifted their target price on shares of Quanta Services from $313.00 to $367.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $324.25.

Quanta Services Price Performance

PWR stock traded up $1.43 on Monday, reaching $327.95. The company had a trading volume of 863,431 shares, compared to its average volume of 870,341. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.19 and a current ratio of 1.23. The company's fifty day moving average is $327.70 and its 200 day moving average is $293.01. The company has a market cap of $48.41 billion, a P/E ratio of 60.51 and a beta of 1.06. Quanta Services, Inc. has a 1 year low of $187.27 and a 1 year high of $350.19.

Quanta Services (NYSE:PWR - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The construction company reported $2.72 EPS for the quarter, topping analysts' consensus estimates of $2.46 by $0.26. Quanta Services had a return on equity of 16.71% and a net margin of 3.54%. The firm had revenue of $6.49 billion during the quarter, compared to analysts' expectations of $6.56 billion. During the same quarter last year, the business posted $2.08 EPS. The firm's quarterly revenue was up 15.5% compared to the same quarter last year. On average, research analysts forecast that Quanta Services, Inc. will post 7.9 earnings per share for the current year.

Quanta Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Thursday, January 2nd will be issued a $0.10 dividend. The ex-dividend date is Thursday, January 2nd. This is an increase from Quanta Services's previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a yield of 0.12%. Quanta Services's payout ratio is 7.38%.

Quanta Services Company Profile

Quanta Services, Inc provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries in the United States, Canada, Australia, and internationally. The company's Electric Power Infrastructure Solutions segment engages in the design, procurement, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure and substation facilities; installation, maintenance, and upgrade of electric power infrastructure projects; installation of smart grid technologies on electric power networks; and design, installation, maintenance, and repair of commercial and industrial wirings.